With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.68 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $220.66 whereas the lowest price it dropped to was $216.1. The 52-week range on PAYC shows that it touched its highest point at $233.69 and its lowest point at $139.50 during that stretch. It currently has a 1-year price target of $198.69. With its current market cap of 12.28 billion, PAYC has annualized dividend of $1.50 while the current yield stands at 0.68%. Beta for the stock currently stands at 1.10.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PAYC was down-trending over the past week, with a drop of -3.52%, but this was up by 32.08% over a month. Three-month performance surged to 37.24% while six-month performance rose 21.65%. The stock gained 20.47% in the past year, while it has gained 6.32% so far this year. A look at the trailing 12-month EPS for PAYC yields 8.31 with Next year EPS estimates of 8.70. For the next quarter, that number is 1.97. This implies an EPS growth rate of 1.29% for this year and 10.85% for next year. EPS is expected to grow by 10.23% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.26%.
Float and Shares Shorts:
At present, 56.53 million PAYC shares are outstanding with a float of 49.25 million shares on hand for trading. On 2024-10-31, short shares totaled 2.46 million, which was 426.00001999999995 higher than short shares on 1727654400. In addition to Mr. Chad R. Richison as the firm’s Founder, President, CEO & Chairman of the Board, Mr. Bradley Scott Smith serves as its Chief Information Officer.
Institutional Ownership:
Through their ownership of 0.85336995 of PAYC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PAYC reported revenue of $451934000.0 and operating income of $104874000.0. The EBITDA in the recently reported quarter was $147179000.0 and diluted EPS was $1.31.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAYC since 11 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PAYC analysts setting a high price target of 260.0 and a low target of 175.0, the average target price over the next 12 months is 201.616. Based on these targets, PAYC could surge 18.3% to reach the target high and fall by -20.37% to reach the target low. Reaching the average price target will result in a decline of -8.26% from current levels.
Analysts have provided yearly estimates in a range of $7.93012 being high and $7.68012 being low. For PAYC, this leads to a yearly average estimate of $7.85012. The surprise factor in the prior quarter was $1.6. Based on analyst estimates, the high estimate for the next quarter is $2.91 and the low estimate is $2.54. The average estimate for the next quarter is thus $2.74.
